Shm7 Management Groups Insurance Trust Employee Benefit Plan — Form 5500 plan (Shm7 Management Groups Insurance Trust)
Plain-English plan summary
According to public Form 5500 filings published through the U.S. Department of Labor (DOL) Employee Benefits Security Administration (EBSA) via the EFAST2 system, Shm7 Management Groups Insurance Trust Employee Benefit Plan is a benefit plan reported by Shm7 Management Groups Insurance Trust under EIN 47-2543552 and plan number 501. The latest loaded filing year is 2023. The filing reports 174 participants and $360,579 in end-of-year plan assets, where available in the loaded dataset.
Key reported metrics
- Plan sponsor
- Shm7 Management Groups Insurance Trust
- EIN
- 47-2543552
- Plan number
- 501
- Plan type
- 2
- Location
- Many, LA
- Latest filing year
- 2023
- Participants
- 174
- End-of-year plan assets
- $360,579
Form 5500 filing history
| Filing year | Participants | Schedules | Filing |
|---|---|---|---|
| 2023 | 174 | H, C | 20241014152816NAL0026567313004 |
Reported financial statement (2023 · Schedule H)
Net assets
- Total assets (EOY)
- $360,579
- Total liabilities (EOY)
- $272,485
- Net assets (EOY)
- $88,094
- Net assets (BOY)
- $316,045
Income & contributions
- Employer contributions
- $1,835,785
- Participant contributions
- $977,695
- Total contributions
- $2,813,480
- Total income / additions
- $4,081,497
Expenses & distributions
- Benefits paid
- $4,094,270
- Administrative expenses
- $215,178
- Total expenses
- $4,309,448
- Net increase / (decrease)
- -$227,951
Service provider compensation (Schedule C)
| Provider | Service | Direct comp. | Indirect comp. | Year |
|---|---|---|---|---|
| Meritain Health | CONTRACT | $154,491 | not reported in the loaded dataset | 2023 |
| Management Seven, LLC | CONTRACT | $48,000 | not reported in the loaded dataset | 2023 |
| Ericksen Krentel, Llp | CONTRACT | $8,650 | not reported in the loaded dataset | 2023 |